Wednesday, May 25, 2022
Home Crypto News Market Coinhako Becomes First Crypto Exchange To List Shiba Inu In Singapore

Coinhako Becomes First Crypto Exchange To List Shiba Inu In Singapore

- Advertisement -
Follow-Us-On-Google-News

Coinhako, a Singapore-based crypto exchange has added support for Shiba Inu.

Read: Coingate Made Shib Acceptable To Over 500 Merchants As Payment Option



It is not straightforward to receive any crypto-related approval from Singapore as the country has advanced and sophisticated rules for crypto service providers.

Last week, the exchange succeeded to obtain approval from the Singapore financial regulator to legitimately provide digital token services, becoming one of the first local crypto exchanges to accomplish such success. Coinhako exchange’s trading volume has grown by 1000% since the beginning of the year.

Coinhako users can trade SHIB against Singapore dollar (SGD), US dollar (USD), and Vietnamese dong (VND). Coinhako exchange also has a wallet that enables you to securely store Shiba Inu and other cryptos.

 

Coinhako made the SHIB listing announcement on their Twitter and official blog.

 

Launched back in 2014, Coinhako made a name for itself instantly with a six-figure investment from famous venture capitalist Tim Draper. Draper, who made his reputation by early investing in Skype, Twitch, and Hotmail, is also known as one of the first adopters of Bitcoin, he predicts that Bitcoin could reach the $250,000 mark by the end of 2022.

Shiba Inu was also listed on Gemini, Wealthsimple, and other trading platforms this November.

Read More On Shib:

- Advertisement -

Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Dogecoin Creator Says Terra 2.0 Launch Will Show the Dumbness of Cryptocurrency Gamblers

The Dogecoin creator still thinks the upcoming Terra 2.0 will encounter major issues along the way.   window.coinzilla_display...

Binance, Huobi, and Other Top Exchanges To Support Terra 2.0

Terra 2.0 Has Passed Voting Stage, And Top Exchanges are Already Getting Onboard. window.coinzilla_display = window.coinzilla_display ||...

Women in Finance: How Could Cryptocurrency Help Breach the Gender Gap?

The Financial Conduct Authority (FCA) has insisted that leadership boards of listed companies should be comprised of at least 40% women. Additionally, at least...

Can Quitriam Finance (QTM), Cardano (ADA), And Hedera (HBAR) Become Market-Leading Coins?

The number of cryptocurrencies on the market is soaring every day, making investing in them increasingly difficult due to the amount of opportunities. Here...

Lido Finance Will Not Launch on Terra 2.0 as Community Votes Against the Move

The Lido Finance community does not want the project to relaunch on Terra 2.0. As Terra edges closer to its much-anticipated fork that will give...

Terra’s Do Kwon Refuses Claims That He Lobbied Korean Exchanges To Accept Terra 2.0

Terra’s Do Kwon Refutes Claims That He Lobbied For Terra 2.0 To Be Accepted By Korean Exchanges. Reports are circulating in the crypto space that...

You Can Now Pay For Hotels, Airlines, Rental Services Worldwide With Shiba Inu as XcelTrip Adds Support for Shib

  Shiba Inu holders can now book 2.30 million hotels and over 450 airlines using their SHIB holdings. ...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.